Retirement plan

PUREWEST 401(K) PLAN

Name: PUREWEST RESOURCES, INC. - PUREWEST 401(K) PLAN (2023) Form 5500
Creator: PUREWEST RESOURCES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PUREWEST 401(K) PLAN, PUREWEST RESOURCES, INC.

PUREWEST RESOURCES, INC.EIN 83-0320643Plan #001PY 2023

1400 16TH STREET, SUITE 300 - DENVER, CO 80202303-645-9866

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$39.5M

+32.7% from 2022

Total participants

237

+4.4% from 2022

Average account balance

$166,498

+25.4% from 2022

Annual return

22.61%

+39.90 pp from 2022

Benchmarks

See 266 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants100-249

Cohort266 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$49.21M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$208K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

237

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

99.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.60M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$30K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+17.24%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$104

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	$46,523
COOK STREET CONSULTING5 years Filed as: COOK STREET CONSULTING, INC. Service code 27 · EIN 84-0854432	Advisory (Plan)	$44,275
ANTON COLLINS MITCHELL LLP1 year Filed as: ACM LLP Service code 10 · EIN 01-0724563	Accounting	$25,750
BDO USA, LLP1 year Filed as: BDO Service code 10 · EIN 13-5381590	Accounting	$20,750
COOK STREET CONSULTING1 year Service code 27 · EIN 84-0854421	Advisory (Plan)	$8,750

Plan features & details

Pension benefit codes2E2F2G2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$146K

$821 / participant

Recordkeeping$45K30.8%
Investment mgmt$1410.1%
Contract admin$2K1.0%
Other / not subdivided$100K68.1%

% of EOY assets

0.370%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA, P.C.
Auditor EIN: 135381590
Audit fees: $46,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$166,498

$72,352+130.1%

$142,516+16.8%

$71,529+132.8%

Participation rate

100.0%

71.7%+28.3pp

76.8%+23.2pp

67.9%+32.1pp

Annual return

22.61%

21.17%+1.4pp

20.03%+2.6pp

28.97%-6.4pp

Employer contribution / active EE

$18,876

$3,800+396.7%

$4,849+289.3%

$2,590+628.9%

Participant deferral / active EE

$12,589

$5,288+138.1%

$6,280+100.5%

$4,291+193.4%

Admin fee / account holder

$617

$1,438-57.1%

$10,008-93.8%

$1,588-61.2%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

$46,523

COOK STREET CONSULTING5 years

Filed as: COOK STREET CONSULTING, INC.

Service code 27 · EIN 84-0854432

Advisory (Plan)

$44,275

ANTON COLLINS MITCHELL LLP1 year

Filed as: ACM LLP

Service code 10 · EIN 01-0724563

Accounting

$25,750

BDO USA, LLP1 year

Filed as: BDO

Service code 10 · EIN 13-5381590

Accounting

$20,750

COOK STREET CONSULTING1 year

Service code 27 · EIN 84-0854421

Advisory (Plan)

$8,750

PUREWEST 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PUREWEST 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion